Estate Agency

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Laing+Simmons Corporation has been purchased by a partnership comprising members of the company’s head office team.

The likes of managing director Leanne Pilkington, who is also the president of the Real Estate Institute of NSW, and some of the network’s highest-profile and longest-serving principals including D’Leanne Lewis, Ray Fayad and Nicholas Efrossynis, are part of the buying syndicate.

The New South Wales-based boutique real estate franchise, which has a total of 43 offices in metro and regional NSW, was bought from the Dexar Group for an undisclosed sum.

Leanne Pilkington said the purchase by members of the network demonstrates the value and belief in the brand.

“The purchase of Laing+Simmons by network members highlights the confidence we have in the business and the potential for growth we see in the future.

"When the opportunity to acquire Laing+Simmons arose, the demand among franchisees was strong and the offer was fully subscribed quickly, demonstrating the belief in the brand,” Ms Pilkington said. 

“Laing+Simmons has been a fixture in the New South Wales real estate landscape since 1967. We recognise the industry is undergoing rapid evolution, which means franchising needs to evolve as well.

“No-one is better placed to understand the needs of today’s business owners than agency principals, who operate at the coal face every day.

“The new shareholding group is very diverse, in relation to age, location and of course gender. This will ensure a holistic direction is set for the business which welcomes and benefits a broader demographic of network partners and their teams.

“This diversity will underpin our future growth as we look to grow the Laing+Simmons network in select metropolitan and regional locations in 2021 and beyond.

“This internal acquisition means we have skin in the game. We believe so strongly in the brand that we acquired it. Our future partners and office principals can be confident in our commitment to support them and the growth of their business with a view to helping them create a long-term asset for the future.

“The ambitions of ownership, our existing franchisees and those we welcome in the future are completely aligned. This provides us a solid platform for future growth,” she said.
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The New South Wales-based boutique real estate franchise, which has a total of 43 offices in metro and regional NSW, was bought from the Dexar Group for an undisclosed sum.



Joel Robinson

Laing + Simmons bought by their top network members

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Several senior directors of real estate services firm CBRE have quit the estate agency, according to reports featured in the Australian Financial Review.
The paper's Street Talk column advised the directors are joining recently departed CBRE veteran Richard Butler to start a new business. 
It advised four members of the capital markets team, including national Director Josh Cullen, senior director Steve Kearney, associate director Mark Hansen and analyst and senior associate director Claire Zouroudis had departed CBRE.
"They left the building at lunchtime on Monday and did not return," the AFR advised.
Though naturally none of the players returned any calls to the paper. 
Josh Cullen who joined CBRE in 2001 and was the national head of CBRE’s Capital markets team remains on <a href="https://www.cbre.com.au/people-and-offices/josh-cullen" target="_blank">the staff website</a>.
He was last in the news when in May Charter Hall Group and Morgan Stanley Real Estate Investing finalised a deal to buy Sydney landmark One Shelley Street from Brookfield Property Partners for $525 million, which ranked among the city’s largest. It is Macquarie Group's building on King Street Wharf.
CBRE's senior managing director, international investments, Rick Butler, who has reportedly left the firm after 26 years, is also still listed on the <a href="https://www.cbre.com.au/people-and-offices/Richard-Butler" target="_blank">staff website</a><a href="https://www.afr.com/real-estate/top-real-estate-negotiator-rick-butler-to-leave-cbre-20160627-gpsrbq#ixzz4QdStXfel">.</a>
As CBRE's lead conduit to offshore capital, Butler was involved in more than $10 billion worth of sales including Central Plaza in Brisbane, Aurora Place in Sydney and the Southern Cross Precinct in Melbourne.
Richard first joined CBRE in 1989 as Director, City Sales, then in 1995 was appointed Director, Asian Marketing (Eastern Seaboard Offices). 
At the time of his earlier departure, CBRE advised the then AFR editor, Robert Harley that it "looked forward to having an ongoing relationship with Rick, who will continue to provide expert consultancy services to CBRE in the future.” 
Today it issued a statement saying "CBRE has the strongest Capital Markets platform, both globally and in the Pacific, and we remain committed to investing in our team to ensure that our clients can reap the benefits of our international reach, broad service offering and local networks and capabilities."
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jchancellor-FAypfDUnLy

Turmoil at CBRE in wake of veteran Rick Butler's departure?

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Tahnee Barnes, who won the life-changing opportunity to work with leading eastern suburbs agent Bill Malouf in the LJ Hooker Million Dollar Intern program, has joined The Agency.
“Meeting Matt Lahood and hearing his plans for my future, and then joining Brad Gillespie and Irene Do, it was ideal,” she said after the new appointment.
Brad Gillespie and Irene Do have already sold over $20 million worth of residential property this year at an average sale price of $1,255,000.
Specialising in the inner city suburbs, from east to the west, Brad Gillespie claims a 25 per cent market share for house sales and the highest market share for apartment sales in Alexandria.
Gillespie has set numerous building and suburb records including:
<ul>
<li>Rosebery suburb record broken by $$1,030,000 at $3,350,000 in 2015 and equalled in 2017 – 8 Ripon Way (2015) and 21 Dalmeny Avenue (2017)</li>
<li>Alexandria suburb record for one bedroom house $1,110,000 – 192 Wyndham Street</li>
<li>Alexandria suburb record for a four bedroom house $2,650 ,000 – 266 Belmont Street</li>
<li>117 Wyndham Street building record $1,340,000 – 101/117 Wyndham St, Alexandria</li>
<li>The Atlas building record $1,420,000 – PG01/11 Power Avenue, Alexandria</li>
<li>Spectrum building record $1,640,000 – C15/147 McEvoy Street, Alexandria</li>
<li>125 Euston Road building record $1,255,000 – 17/125 Euston Road, Alexandria</li>
</ul>
 Gillespie and Do, who describe themselves as "quiet achievers", have been looking to expand their market share in the inner city region, with hiring Tahnee Barnes the first step towards this expansion. “Tahnee Barnes is one of the most passionate young agents I have met,” Brad Gillespie says.
“Tahnee is hungry to learn and being new to the industry, brings a fresh take on things.”
After a decade in the army, Tahnee Barnes won the opportunity to work <a href="https://www.instagram.com/tahnee_milliondollarintern/?hl=en" target="_blank">with leading eastern suburbs agent Bill Malouf</a> in the LJ Hooker Million Dollar Intern program late last year (below)
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/22/mal2.jpg" alt="">
“I am so lucky to have spent that time with Bill Malouf and we still catch up to this day,” she said.
Hailing from the ACT, Barnes previously worked in recruitment.
She beat nearly 200 hopefuls for the coveted three month internship.
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j.ballantyne1990-6AQqhLzZaK

Tahnee Barnes, the Million Dollar Intern, joins The Agency

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Tahnee Barnes has quit The Agency to return to recruitment after nine months in real estate.
She was the high profile recruit who'd hit the headlines when she won the life-changing opportunity to work with leading eastern suburbs agent Bill Malouf in the LJ Hooker Million Dollar Intern program.
“Meeting Matt Lahood and hearing his plans for my future, and then joining Brad Gillespie and Irene Do, it was ideal,” she said after the new appointment was announced with great fanfare.
Her low-key departure was to SalesHQ.
Specialising in the inner city suburbs, from east to the west, Brad Gillespie claims a 25 per cent market share for house sales and the highest market share for apartment sales in Alexandria.
Gillespie and Do, who describe themselves as "quiet achievers", had been looking to expand their market share in the inner city region, with hiring Tahnee Barnes the first step towards this expansion. “Tahnee Barnes is one of the most passionate young agents I have met,” Brad Gillespie noted on her arrival.
“Tahnee is hungry to learn and being new to the industry, brings a fresh take on things.”
After a decade in the army, Tahnee Barnes won the opportunity to work <a href="https://www.instagram.com/tahnee_milliondollarintern/?hl=en" target="_blank">with leading eastern suburbs agent Bill Malouf</a> in the LJ Hooker Million Dollar Intern program late last year (below)
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/3/22/mal2.jpg" alt="">
Hailing from the ACT, Barnes previously worked in recruitment.
She beat nearly 200 hopefuls for the coveted three month internship.
She is now a talent adviser at <a href="https://www.saleshq.com.au/consultants/tahnee-barnes" target="_blank">SalesHQ</a> which recruits across several industries including automotive finance, stockbroking and insurance.
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Tahnee Barnes, the Million Dollar Intern, quits The Agency

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A Heidelberg Heights estate agency and its director have been reprimanded, ordered to pay a $2,000 penalty, and had a condition placed on their licences, after they contravened the trust account provisions of Victoria’s estate agent laws. 
A disciplinary inquiry at the Victorian Civil and Administrative Tribunal (VCAT) found that Robert Pedersen, 70, of MacLeod and Robert Pedersen Real Estate Pty Ltd (ACN: 142 558 674) did not: 
<ul>
<li>have their trust accounts audited within the required time, as required under the Estate Agents Act 1980 (the Act)</li>
<li>keep the required trust account cash receipts journal and trust account cash payments journal, as required under the Act’s regulations </li>
<li>complete and keep a trust account reconciliation statement at the end of each month, as required under the regulations.</li>
</ul>
The contraventions occurred between 2014 and 2018.
Under the licence condition, Mr Pedersen and the company must ensure that their trust accounts are audited for specified periods and sent to Consumer Affairs Victoria within three months. This is in addition to their existing trust account audit obligations. 
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